App-led investment craze


New trend: A security guard stands near the bronze statue of a bull at the Bombay Stock Exchange. Young investors use a handful of trading apps, including Zerodha and Upstox, and often gets financial advice from YouTube. — AFP

MUMBAI: There’s a new generation of investors in town. They’re young, they get their tips on YouTube, and they’re armed with apps that make the stock markets more accessible than ever before.

US investment app Robinhood has made a splash in the West with its mission to open the markets to “everyday people”, but from Nigeria to India, Gen Z are flocking to homegrown equivalents.

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